 | | 5 Hot Picks by Jason Rabahieh of TradeCenter |
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 Jason Rabahieh is a valuable member of our brokerage team providing services in trading global commodity futures, options and foreign exchange. Specializing in spread strategies, hedging, and trading system management, Jason is a member of the National Futures Association and is registered with the Commodity Futures Trading Commission. Mr. Rabahieh has been a registered account executive in the futures industry since 1997. |
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Buy December corn sell December Wheat at a spread of 200 with an objective of 150. Risk the trade to 210. |
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Buy October Sugar 925 calls for 40 points with an objective of 150 or higher. Risk the premium to 20. |
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Buy October Cotton 58 calls sell October 63 calls for 100 points. Profit potential 300 points. |
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Buy July Lean hogs short august lean hogs at 100 points risk to 50. Exit position at 200 points. |
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Buy Canadian dollar 92 puts for 30 points, looking for a correction to 89. Risk the trade to 15 points. |
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| | 5 Hot Picks by John Crane of Traders Network |
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John Crane has over 20 years of experience in the commodities industry. He is the author of "The Reversal Day Phenomenon" and "Advanced Swing Trading, Strategies to Predict, Identify, and Trade Future Market Swings". Also, articles on his trading concepts have been published in Consensus, Barron's, Technical Analysis of Stocks and Commodities as well as The Wall Street Journal, Investor's Daily, and Traders World. |
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Between March 27 and May 31, Crude traded in a sideway to lower consolidation pattern. I consider this pattern a 5-wave continuation pattern that has set up the next bullish leg. Last Thursday's breakout is only the beginning as Crude appears poised to push towards the center line target that is currently resting at $75.00. |
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In the last "Week Ahead" I said the T-Bonds should continue the downward slide into the June 13th Reversal date, where it should post a reversal. Looking a the a price chart, I can see T-Bonds hit a low of 104-16 on June 13th and quickly turned higher and closed at 106-08 on Friday. So what's next? I look for a slight pullback on Monday and Tuesday -- possibly down to 105-10 before turning higher. |
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The rally in Wheat has been a textbook case for the Reversal Date Trading Indicator. The market reached the Reaction line target on Wednesday and pushed slightly beyond on Thursday when it peaked at $6.11 1Ž2. The Reversal Date Indicator had projected the $6.00 target several weeks ago and time and price have converged on schedule. However, I don't think the run is over yet, although I do look for a correction from this level. Wait for a two or three-day correction before entering any long position. |
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September Canadian Dollar |
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After recommending long positions for the past three months, the Reversal Date Trading Indicator has rolled over and flashed its first sell signal on June 12. The long-term bullish trend may be over for the moment or at least becoming very tired. |
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The Sugar market has made three lower lows since May 1. During the same time period the 20-day SSTO has made slightly higher lows. We all know this as bullish divergence, but we also know this alone is not enough to jump in a buy a market. However, the Reversal Date Trading Indicator has also suggested it is a time to buy, so it is time to put on your buying shoes and step into the long side of the Sugar market. |
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